Hotter PPI, Tech's Rough Stretch, Biden: China a "Ticking Time Bomb" 8/11/23
Squawk on the Street
00:00
The Consumer's Responsiveness to the Economy
The consumer arguably is going to remain resilient today. Savings rate is higher than it was in 2008, 85% of mortgages fixed. You've got leverage on the labor fund with weak immigration and low participation. How is the consumer vulnerable with all those things going on? It's not evenly distributed, right? Obviously. There's some people who are absolutely strapped.
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